The local stock market plunged after the government announced lower-than-expected GDP figures for the first quarter. The main index fell 116.72 points or 1.75 percent to close at 6,542.46 as Conglomerates led the retreat although the Industrial counter managed to advance. Volume was higher at 491...
The slowing economy is expected to persist for the remainder of the year, with consumers facing the challenge of rising prices, coupled with a slowdown in the growth of remittances from overseas Filipinos. Following the release of the first-quarter report, economists have observed a softening in...
The Department of Foreign Affairs (DFA) criticized China for its move to release to the media information about an unverifiable phone call supposedly between a Philippine military official and a Chinese diplomat concerning a “new model” for deployment of vessels in the West Philippine Sea. The...
There is a great opportunity for the country to become the world's no. 1 coconut exporter, President Marcos said. (Photo courtesy of Malacañang) Marcos made the statement after the Private Sector Advisory Council-Agriculture Sector Group (PSAC-ASG) recommended the launching of a massive...
The Philippine Statistics Authority reported on Thursday, May 09, that the local economy, as measured by its gross domestic product (GDP), slowed to 5.7 percent in the first quarter of the year. This growth fell short of the government’s target band of 6.0 percent to 7.0 percent this year and was...
President Marcos has lauded the Philippine Ports Authority (PPA) for being a consistent top performer among government-owned and controlled corporations (GOCCs) as reflected in its cash dividends that were remitted to the national government in the past years. PPA General Manager Jay Daniel...
The Armed Forces of the Philippines (AFP) has expressed doubts on the authenticity of the supposed recorded phone conversation between one of its high-ranking officials and a diplomat from the Chinese Embassy in Manila in connection with the purported “new model” in the conduct...
Juami Tiongson and Stephen Holt formed a deadly one-two punch to take Terrafirma home with a 104-96 victory over NorthPort to catch the last bus to the 2024 PBA Philippine Cup playoffs at the Ninoy Aquino Stadium on Wednesday, May 8. The Dyip dynamic duo scored a pair of and-1 plays to put...
The Department of Foreign Affairs (DFA) will take the lead in investigating the veracity of the alleged recorded conversation between a Chinese diplomat and a Filipino military general regarding the supposed agreement on a “new model” in the conduct of resupply missions for soldiers assigned at...
The local stock market advanced on positive trade and employment data. The main index rose by 40.60 points or 0.61 percent to close at 6,659.18 although sectoral indices were evenly divided. Volume improved to 434 million shares worth P5.98 billion as gainers outnumbered losers 99 to 91 with 40...
The country’s trade deficit narrowed in March this year as both exports and imports contracted, data from the Philippine Statistics Authority showed. The gap in the trade balance, which is the difference between the value of export and import, reached $3.18 billion in March, down by 36.6 percent...
Senator Risa Hontiveros on Wednesday, May 8, said the supposed evidence of a “new model” on the West Philippine Sea agreed upon by the Armed Forces of the Philippines’ (AFP) Western Command (Wescom) should be released immediately by the alleged diplomatic source. Hontiveros pointed...
